Summarizes the deceptive forestry business practices law (RSA 227-J:15) which requires a written contract, with mutually agreed upon prices and amounts, as well as a time-line for remuneration for all forest products subject to a "notice of intent to cut."

Fourth edition published in 2012 and examines the most common situations noncorporate taxpayers face when calculating federal income tax on their timber holdings. It addresses the type of forest activity, how to qualify for best tax treatment, and reporting and tax forms for many common situations. Taxpayers should consult the other sources of information listed at the end of this publication for a more comprehensive discussion of these issues.

This guide updates and supersedes Agriculture Handbook No.718, Forest Landowners’ Guide to the Federal Income Tax, incorporating new tax legislation that was passed and administrative changes promulgated through September 30, 2012.

A list of publications are available through the UNH Cooperative Extension Forestry Information Center. If you are interested in receiving any, please check them off and return the list to: Forestry Information Center, 211 Nesmith Hall, 131 Main Street Durham, NH 03824-3597.